Gublo
Small/Mid-Cap Trader, Multibagger/Penny Stocks, Earnings Analysis & Signals
Coinbase stands to be a major long-term winner from the CLARITY Act, which would remove the regulatory uncertainty keeping Wall Street institutions out, making the largest compliant US exchange their first stop. A Tillis-Alsobrooks compromise bans pure passive stablecoin interest but allows rewards tied to real usage, so Coinbase can keep paying active users, though stablecoin products, about 20% of 2025 revenue, need adjusting. Markup is set for May, with signing possible by July-August. x.comÂ
Coinbase remains a buy-the-dip crypto holding, but now ranks behind Circle. It has lagged amid prolonged CLARITY Act uncertainty, faces revenue risk from the ongoing USDC custody renegotiation with Circle, and miners shifting to AI temper the trading-volume outlook. Circle is the preferred stablecoin exposure because stablecoins are the natural payment rail for AI agents. Basket weights stay unchanged, with a lean toward adding to Circle as the highest-conviction name. x.comÂ
Coinbase is holding the CLARITY Act hostage to protect its stablecoin yield revenue. Its chief legal officer says either rewards are included or there is no CLARITY. Coinbase makes $1.35 billion a year from stablecoin yield, which explains why the most important crypto bill in history is still stuck on one company's revenue model. x.comÂ
Heavy put bets at $170 provide a positioning basis for Coinbase's $180 target by October 23. Shares are holding above that put wall; no chase. x.comÂ
Coinbase is hard to be structurally bearish on for anyone bullish on crypto infrastructure, as one of the few scaled public companies at the center of stablecoins, tokenization, custody and crypto's merger with TradFi. After a 10x run from 2022, it has consolidated for two years, with buyers defending the $140-160 zone three times. With retail interest gone and attention exhausted, conditions are set for the next large move, though a sustained move above $245-320 is still needed. x.comÂ
Coinbase's likeliest price path is lower as bitcoin finishes the final leg of its bear market. @BobLoukas argues Coinbase is bloated and overvalued, with horrible customer service, crypto retail activity dead, customers having other options and an underwhelming Base chain. x.comÂ
Coinbase is becoming CME/ICE-style market infrastructure on USDC stablecoin rails, not just a crypto exchange. The CFTC approved Coinbase Clearing LLC as a registered derivatives clearing organization, putting broker, exchange and clearinghouse for US regulated derivatives under one group. Perpetuals are the natural push, in crypto and potentially US single stocks; when the CFTC approved Coinbase and Kalshi bitcoin perpetuals in May, CME and Cboe shares fell sharply. x.comÂ
Ripple's growing distribution and financial scale are expanding the wider XRP ecosystem. RLUSD is now available on Coinbase and Coinbase Prime for users and institutions to convert dollars at 1:1. Ripple says it is on track to exit 2026 at $900 million in annualized product revenue, after enabling over $16 trillion in transactions across its products in 2025; it reports 1,700-plus clients, over 85 regulatory licenses and final approval for a US National Trust Bank charter. x.com x.comÂ
Coinbase is a bubbly stock priced as a proxy for crypto trading, yet experienced crypto users leave it for better exchanges. It works for beginners, where it can take advantage of unknowledgeable investors, but more than a decade of crypto use shows Coinbase gets replaced as soon as users find something better. x.comÂ
The crypto CLARITY Act is a huge tailwind for Circle, Coinbase and Robinhood now that senators have released its final draft ahead of Tuesday's vote. All three are also technically approaching a Stage 2 breakout. Robinhood is evolving into an all-in-one financial platform spanning crypto, prediction markets and tokenization, while Circle's USDC puts it at the center of stablecoin adoption. x.com x.comÂ